Influencer served settlement claims via NFT, after $7 million token presale
A nonfungible token (NFT) influencer has been served with a settlement demand via NFT, which casually dropped the “F bomb” multiple times and alleged that the influencer engaged in wire fraud “at a minimum,” on a recent $7 million token presale.
Attorney Mike Kanovitz, a partner at Loevy & Loevy, took to Twitter on May 20 to state that a “settlement letter has acted as an NFT” to the wallet address associated with the alleged influencer known as ‘Ben.eth’, whose real identity remains unknown .
He alleged that Ben.eth “used a manipulative launch strategy” over how the Liquidity Pools (LP) were structured and the way the tokens “bleeped out” in the recent presale for his token $PSYOP – shortly after the accusation Ben.eth tweeted that 50% of the tokens have been sent out and “the rest will be sent in short order.”
“At the very least, you will be guilty of wire fraud, which is a predicate for racketeering and the basis for treble damages against you ($7 million becomes $21 million),” the letter said.
Kanovitz stated in the letter that a “refund is the stand-up thing to do.” However, he warned of potential legal action if refunds were not given:
“So, just send back the ETH. The case will be over and you and your victims can all move on with their lives. But if you insist on screwing over thousands of people, my law firm will step up to right that injustice.”
Furthermore, he suggested a potential “painful” process for Ben.eth, after a trial, if the letter is not cooperated with.
“The suit will name you personally as well as your alias and will be served at your home,” he said.
Kanovitz further threatened to subpoena the alleged influencers’ communications as he said, “that evidence will put the final nails in your coffin.”
He further added that he will reveal the real-life (IRL) identities of the influencers’ co-conspirators.
Kanovitz concluded the letter by saying, “You’re running real fraud, and it’s hurting real people. There will be consequences if you don’t do it right.”
Related: NFT court orders may become the norm in crypto-related litigation: Lawyers
Ben.eth responded to the letter hours later on May 20, saying the letter is “so unprofessional it could get them in trouble with the bar association.”
Cointelegraph contacted Ben.eth for comment, but did not receive a response by the time of publication.
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